VAT on selling vehicle

We are selling a truck/lorry do we have to account for the VAT on it? My reading on it is that if we bought it 2nd hand then we dont otherwise we do. Is this correct?

Comments
There are 6 comments. Login or register to view them.

No

neileg |

Agree with above.

khalm0 |

VAT on selling vehicles

qubmatt |

Nope

neileg |

Margin scheme

DMGbus |
DMGbus's picture

Very unusual

neileg |